Reported about 11 hours ago
Nvidia's stock rose approximately 4% following its announcement of a partnership with OpenAI involving a $100 billion investment aimed at developing the 'biggest AI infrastructure project in history.' This initiative will enable OpenAI to utilize at least 10 gigawatts of computing capacity from Nvidia's AI systems to enhance the development of future AI models. Nvidia's CEO, Jensen Huang, emphasized the significance of this collaboration, as the tech industry continues to expand its AI capabilities despite concerns about profitability and investment sustainability.
Source: YAHOO